Moprojects Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06865867 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Moprojects Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Lepping

REGISTERED OFFICE:

34 The Point

Rockingham Road

Market Harborough

Leicestershire

LE16 7QU

REGISTERED NUMBER:

06865867 (England and Wales)

ACCOUNTANTS:

Tuerner & Co Ltd

Nottingham Commerce Centre

8 Experian Way

NG2 Business Park

Nottingham

NG2 1EP

FIXED ASSETS

Tangible assets

2

4,113

17,678

CURRENT ASSETS

Debtors

3

374,037

233,659

Cash at bank and in hand

360,629

145,624

734,666

379,283

CREDITORS

Amounts falling due within one year

677,304

368,057

NET CURRENT ASSETS

57,362

11,226

TOTAL ASSETS LESS CURRENT LIABILITIES

61,475

28,904

PROVISIONS FOR LIABILITIES

823

3,536

NET ASSETS

60,652

25,368

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

60,651

25,367

SHAREHOLDERS' FUNDS

60,652

25,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the director on 1 August 2015 and were signed by:

J Lepping - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year, and also have been consistently applied within the same

accounts.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work

carried out in the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date. Where such differences result in deferred tax assets, they are recognised to the extent that

they are regarded as recoverable where, on the basis of available evidence, it is more likely than not that there

will be suitable profits from which the reversal of the timing differences can be deducted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Long term contracts

Where the outcome of a job can be estimated reliably, and it is probable that the contract will be profitable, a

proportion of the profit is recognised by reference to the stage of completion of the contract activity at the

balance sheet date. When it is probable that the total contract costs will exceed total contract turnover, the

expected loss is recognised as an expense immediately.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

55,311

Additions

352

At 31 December 2014

55,663

DEPRECIATION

At 1 January 2014

37,633

Charge for year

13,917

At 31 December 2014

51,550

NET BOOK VALUE

At 31 December 2014

4,113

At 31 December 2013

17,678

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 4,200 (31.12.13 - £ 4,200 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

1

Ordinary

£1

1

1

5.	DIRECTOR'S LOAN ACCOUNT

As at 31 December 2014 the company owed the director £23,064 (2013 - £Nil)